44AE vs. tax audit under 44AB
This query is : Resolved
26 July 2008
Assessee having less than 10 truks and gross t/o or receipt exceed 40 lakhs.will assesse liable for tax audit ?
CA Hemant T Dewani
(Expert)
26 July 2008
no you will file presimtive income rs.3500 per heavy truck us 44AE
CA Hemant T Dewani
(Expert)
26 July 2008
no you will file presimtive income rs.3500 per heavy truck us 44AE
26 July 2008
No, in the instant case the assessee is not liable to get his accounts audited u/s 44AB
CA Anand Sarda
(Expert)
26 July 2008
Limit for Tax Audit is for Sec44AD and 44 AF
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